DislikedThere are many good trading systems, but no perfect trading system. All you can do is to control your emotions and trade your system. A profitable System will be not profitable, if you dont have discipline.Ignored
The Not So Perfect but Perfect System 13 replies
HYBRID: trading system within a trading system 30 replies
The perfect trading system 3 replies
Survey on The Perfect System 7 replies
Practice Makes Perfect Trading Championship Leaderboard 6 replies
DislikedThere are many good trading systems, but no perfect trading system. All you can do is to control your emotions and trade your system. A profitable System will be not profitable, if you dont have discipline.Ignored
DislikedCheck my previous postings where I explained my strategy. Daily RSI is as realiable as day and night. My postings here are products of research spanning several months.
Look at the daily chart I attached to this posting. The areas labelled A, D and E and indentified by red boxes are the sell areas on the daily chart between November 2010 to date. You will realise that without resistance and support levels the major areas are clear. The areas labelled C and E are the buy areas. Note that whenever the signals are given an average of 300-500 pips...Ignored
DislikedYou are perfectly right! Nothing is perfect in this imperfect world. However, with meticulous planning, strong commitment and discipline you can achieve unbelievable results over and over again. Aim for the star and you will go far.Ignored
DislikedDouble tops on both the daily, the weekly and perhaps triple top on H4. The blue zone is the area that requires our attention for now. If we break the blue zone, then a re-test of 1.70000 is a real possibility. A daily candle closing outside the blue zone will confirm this. As long as the blue zone holds, a big fall is a matter of time.
It is always better to plan ahead!Ignored
DislikedHi ARticulate,
Nice screen shots and explanation!
Can you share your blue zone indicator please?
(if it is even an indicator)
Thanks,
~TimIgnored
DislikedEURDUSD
EURUSD is currently making attempt to break out of its trading zone depicted by the blue zones.
Recommendation:
SELL. Wait for price to rise back to 70 point mark on the daily RSI, sell and watch out for the 50 point mark on Daily RSI to take or lock your profit.
USDCAD
The downward pressure is still on USDCAD and the pair is still respecting the downward trendline on the weekly chart. Every attempt to rise met resistance at the 50 point mark. History has shown no currency pair remain low for...Ignored
Disliked
GBPJPY moves is usually 1000 pips per movement with a pause every 500 pips. The 1000 pips support and resistance points are depicted by the yellow lines, while the 500 pips resting points are shown by aqua color.
The red zone on the 14 days period RSI is the sell zone, while the blue zone is the buy zone. The horizontal line on the daily RSI tells you when a movement is weak or about to reverse. The daily chart is the best guide for this style.
The charts are attached. Have a colourful weekend!Ignored
DislikedWhy do you want to lock your profit instead of just close the order?Ignored